#XAUUSD H4 Analysis
The #H4 bullish candle failed to close above 2427.20 🔼 . We had highlighted the area below 2527.20 as a key Resistance & Supply Zone 🟠.
However, the price struggled to break and sustain above 2527.20 ❌, facing solid rejections 3-4 times (as marked on the chart). Now, the price is forming Trendline Liquidity 📉.
If #H4 closes bearish below 2500-2494 🔻, there's a strong likelihood that the price will drop to our "High Probability Buy Area" 🛒, located around the Fib 0.5% level around 2464-2454. Caution ⚠️ is advised when positioning.
On the upside, if #H1 manages to close bullish above 2518.50 🔼, we might witness a high-probability setup that could push Gold to a new lifetime high 🥇.
The #H4 bullish candle failed to close above 2427.20 🔼 . We had highlighted the area below 2527.20 as a key Resistance & Supply Zone 🟠.
However, the price struggled to break and sustain above 2527.20 ❌, facing solid rejections 3-4 times (as marked on the chart). Now, the price is forming Trendline Liquidity 📉.
If #H4 closes bearish below 2500-2494 🔻, there's a strong likelihood that the price will drop to our "High Probability Buy Area" 🛒, located around the Fib 0.5% level around 2464-2454. Caution ⚠️ is advised when positioning.
On the upside, if #H1 manages to close bullish above 2518.50 🔼, we might witness a high-probability setup that could push Gold to a new lifetime high 🥇.
K
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
K
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Join Our Free Telegram Group
t.me/MrKCharts
If You Need Personalized SIgnals Specilaized With 2:1 RR for Propfirm Than Dm Us At t.me/Kseljuk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.